What is the purpose of Hong Yang-KY lifting non-compete restrictions?

To optimize group management and strengthen operational ties with its mainland China affiliate.

Is this resolution a risk for investors?

While conflict of interest risks exist, shareholder approval ensures transparency and strategic benefits.

What is the relationship between Lijia Technology and Hong Yang-KY?

They are affiliated firms, with Director Gao Guizhen serving in both, enabling integrated management.

Hong Yang-KY Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors (Including Independent Directors)

Published Jun 22, 2026 9:00 AM ・ Updated Jun 23, 2026 5:59 PM ・ 4 min read ・ Source: PR Times

Hong Yang-KY's 2026 annual shareholders' meeting resolved to lift non-competition restrictions for nine newly appointed directors, including independent directors, allowing them to engage in similar business activities during their tenure.

1. Shareholders' Meeting Resolution Date: June 22, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Gao Guizhen: Director of the Company (2) Fang Xinyi: Director of the Company (3) Fang Wende: Director of the Company (4) You Pengshun: Director of the Company (5) Li Yongzhi: Director of the Company (6) Zeng Guanghua: Independent Director of the Company (7) Jian Jiaying: Independent Director of the Company (8) Qin Ruiting: Independent Director of the Company (9) Huang Zhenyuan: Independent Director of the Company

3. Permitted Competitive Activities: Investing in or managing subsidiaries engaged in businesses identical or similar to the Company’s operations, and serving as directors or executives in such subsidiaries.

4. Duration of Permission: Throughout the period during which the individuals serve as directors of Hong Yang-KY.

5. Voting Outcome (as per Article 209 of the Company Act): The resolution was approved by shareholders holding more than two-thirds of the voting rights present, with over half of the total issued shares represented at the meeting.

6. Director(s) Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Director: Gao Guizhen

7. Name and Position Held in the Mainland China-Based Entity: Gao Guizhen: Chairman, Lijia Technology (Yangzhou) Co., Ltd.

8. Address of the Mainland China-Based Entity: Lijia Technology Yangzhou / No. 12 Lingbo Road, Gaoyou City, Yangzhou, Jiangsu Province

9. Business Scope of the Mainland China-Based Entity: Lijia Technology Yangzhou: Manufacturing of electronic high-efficiency thermal insulation materials, rubber and plastic raw materials and products for semiconductors, etc.

10. Impact on the Company’s Financial and Business Operations: None

11. If any director has invested in the mainland entity, state investment amount and shareholding ratio: Not Applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Hong Yang-KY Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors (Including Independent Directors)

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